🚨 DECEMBER’S FED RATE HIKE LOOKS ALL BUT PRICED IN — AND A BIGGER MOVE IS NOW ON THE TABLE!
October CPI jumped 0.4% MoM vs. 0.3% expected, while core CPI (excluding food and energy) climbed 0.3% vs. 0.2% forecast. Markets were already pricing nearly 99% odds of a December hike.
The inflation cooldown never came! Fed Governor Christopher Waller warned that core inflation at 0.3% or higher could justify considering a 50 bps hike — and October just hit that threshold. 🔥
Bitwise CIO reviewed the 10 biggest hacks — no consistent price pattern emerged. BTC fell 4% the next day this time, alongside stocks, then stabilized.
The attack targeted Binance’s hot wallets, NOT Bitcoin’s network. The 21M supply cap remains intact, and the blockchain is still secure. ₿🛡️
Binance reportedly stopped 57 North Korean cyberattacks in 2026 before hackers finally broke through.
Strike after strike was blocked, but the relentless assault proves even the strongest security defenses face enormous pressure from nation-state attackers. ⚠️🔐
🚨 CRYPTO SURGES AS FED DELIVERS A HAWKISH PAUSE! 📈🔥
🇺🇸 The Fed held rates at 3.75%–4%, but the decision wasn’t unanimous. Cook and Hammack pushed for another 25 bps hike.
⚠️ Warsh warned that inflation remains elevated and September’s hike is starting to work. Credit conditions have tightened for some households and businesses, yet he refused to call overall financial conditions tight.
👀 The Fed wants more data and isn’t committed to a December hike.
📅 Meeting cuts ahead: 7 rate-setting meetings in 2027, just 6 in 2028.
🔥 Bottom line: A hawkish pause! The door to more hikes remains open, but Warsh isn’t rushing. Meanwhile, BTC, ETH and altcoins reacted positively. 🚀
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